505 Games, a Digital Bros subsidiary, signed a publishing agreement with the developers behind Alan Wake, Max Payne and Quantum Break.
Quantum Break developers, Remedy Entertainment, have reached an agreement with Digital Bros' subsidiary, 505 Games. In short, that means that 505 Games will lend a helping hand as far as the funding goes. Also, they'll provide marketing and publishing services for both digital and retail versions of the game. This agreement granted 505 Games exclusive 20 year rights to the next game from Remedy Entertainment.
Details about the game are hard to come by, as the press release only talked about the two companies reaching the publishing agreement. What we know is that the game will be a "cinematic third person action game set in a new Remedy-created universe". For now, it goes by the catchy name "Project 7" or P7.
Project 7 is said to contain "the deepest game mechanics yet in a Remedy game." The game is being built using Remedy's Northlight technology.
505 will be publishing this new game for PlayStation 4, Xbox One and PC. That includes Steam and both digital and retail versions. They will also be granting £6.55 million in development funding. For their troubles, 505 will be reaping a 45 percent royalties on net sales.
Raffaele Galante, CEO of Digital Bros said: “It is a sign of how far 505 Games has come that we are now in a position to partner with such a talented development studio as Remedy Entertainment”.
He continued: “Our mutual life-stages, ambitions and business objectives are actually very well-aligned and we are excited to enter into what feels like a very natural partnership. The agreement fits perfectly with our strategy of continuous improvement of the quality and the potential returns of our portfolio.”
CEO of Remedy Entertainment, Tero Virtala, said: “We have a strong vision of what P7 should be. 505 Games brings into this partnership experience and competences that help us successfully make this vision become reality together. Remedy is also investing in P7 and is deeply committed to creating an unique gaming experience that will keep the players engaged and playing for a long time to come. We are really excited to embark on this journey with 505 Games.”
Still no word if P7 will be getting an integrated live-action television show.